Earnings/Financial Reports
KOBLENZ, Germany (BRAIN) — Canyon Bicycle's 2025 sales decreased 7% year-over-year amid what it called a challenging market hurt by the oversupply and discounting of electric and non-electric mountain and urban bikes.
TAIPEI, Taiwan (BRAIN) — Three Taiwanese publicly traded bike manufacturers released their full 2025 earnings reports this week, with all three reporting revenue declines in 2025, but two of them showing earnings improvements.
PITTSBURGH (BRAIN) — Dick's Sporting Goods fourth-quarter net sales increased 59.9% year-over-year and 28.1% for 2025 as the company said it benefitted from the acquisition of Foot Locker and a strong holiday season.
SAN MATEO, Calif. (BRAIN) — GoPro revenue increased slightly in the fourth quarter year-over-year but declined 19% for the year as the camera brand announced its AI-enabled processor will be spec'd in some cameras in the second quarter.
VIENNA (BRAIN) — Privately held kids bike manufacturer woom reported its best financial year ever in 2025, with revenue increasing 27% and has now sold more than two million bikes since beginning in 2013.
DULUTH, Ga. (BRAIN) — Fox Factory is reporting fourth-quarter sales of $118 million in its Specialty Sports Group business unit, which contains its bicycle and baseball/softball brands. The figure is 5% down from the fourth quarter last year.
OLATHE, Kan. (BRAIN) — Garmin reported record consolidated revenue for 2025, a 15% increase over the previous year, with all segments posting full-year all-time gains. For the fourth quarter, Garmin's revenue increased 17%.
STOCKHOLM (BRAIN) — MIPS net sales increased 2% year-over-year in the fourth quarter and 10% for the year despite tariff concerns in the U.S.
OSAKA, Japan (BRAIN) — As the global industry adjusted to market inventories and other realities, regional results varied widely for Shimano last year. The Japanese component giant’s full-year 2025 sales in its bike division totaled 355 billion yen ($2.3 billion), up 2.7% from 2024.
STOCKHOLM (BRAIN) — Thule Group net sales increased a little more than 9% year-over-year both in the fourth quarter and in 2025 helped by product updates in the company's Sports & Cargo Carriers category.
PITTSBURGH (BRAIN) — Dick's Sporting Goods net sales increased 36.3% year-over-year in the third quarter while the big-box brand completed the Foot Locker acquisition and announced it will close an undisclosed number of the underperforming shoe stores.
KOBLENZ, Germany (BRAIN) — Canyon Bicycle sales declined 7% year-over-year in the first nine months of the year with parent company Groupe Bruxelles Lambert saying the industry's challenging market of "oversupply and aggressive discounting" was partially responsible.
TAICHUNG, Taiwan (BRAIN) — Giant Group’s net revenue through the first three quarters of its fiscal year was down 16.9% from last year, to NT$47.96 billion ($1.55 billion). The manufacturer said its gross margin for the period was 19.8% and net profit before tax was NT$1.43 billion.
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